Accused trader Sarao loses High Court bail bid

British futures trader was arrested at the order of US authorities in April

Navinder Sarao, the British futures trader
and alleged market manipulator who was arrested in April over
the 'Flash Crash’ in 2010, lost on Wednesday his
High Court bid for bail while fighting extradition to the
US.

Sarao has been remanded in custody since
his arrest, pending an extradition order from US
authorities.